Red Curb Investments not suing Nicolas Cage for fraud
News
oi-Staff
Washington
(ANI):
Actor
Nicolas
Cage
is
not
facing
a
lawsuit
of
36.7
million
dollars
from
an
investment
company,
according
to
reports.
People
magazine
has
clarified
Christmas
reports
suggesting
that
the
'City
of
Angels" star
was
on
the
verge
of
a
huge
financial
battle
with
Red
Curb
Investments,
indicating
that
the
initial
details
were
greatly
exaggerated.
The
private
lender
is
actually
suing
the
actor
for
failure
to
pay
back
almost
3
million
dollars
in
loans
from
2007,
reports
Contactmusic.
The
company
is
also
suing
Cage's
former
accountant,
Samuel
Levin,
for
3
million
dollars
claiming
he
defrauded
the
company
by
neglecting
to
disclose
the
Oscar
winner''s
financial
status.
Cage
faces
huge
financial
problems
after
he
was
slapped
with
a
tax
lien
in
October
(09)
after
reportedly
failing
to
pay
income
tax
on
earnings
dating
back
to
2007.
He
is
also
facing
other
claims
of
unpaid
tax
relating
to
earnings
from
2002
to
2004.